us30 sellsUs30 reached resistance and started to show BOS to the downside on 5mins and 15mins.
Upon seeing this I waited for retracment and rejections at entry zone of 38490.000 with sl@ 39520.00 (30pts).
TP1: 38400.000 TP2: 38350.00 TP3: 38330.00 TP4:38150.00
* Where has the market moved since I entered my trade? Slight profits
* If I looked at the market now, would I take the same trade? yes
* How do I feel about my trade? nervous & unsure but optimistic.Glad it let the trade play out
* What do I like about this trade ? My entry was good & stayed calm when price retraced up
* What do I dis-like about this trade now? Price Was so choppy and still is but trust my analysis
* On a scale of 1 to 10, where would I rate this Trade now? 8/10
* If I were not in a trade now, would I take the opposite trade ? No
Dowjones
US30: Thoughts and Analysis Post-CPIToday's focus: US30
Pattern – Diagonal
Support – 38,135, 37,135
Resistance – 38,810
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 on the daily chart.
What a solid run we have seen till yesterday's CPI data. After US CPI came in hotter than expected, this shocked the market and led to heavy selling on stock indexes and risk currencies with a flight to safety (USD).
We have broken down price action, price patterns and levels we are watching. Is this nothing more than a buying opportunity, or is this a potential momentum change?
Good trading.
EURUSD - Missed NFP Move?? Get Ready for CPI 🧨Hello Traders,
We are still expecting EUR weakness for the coming week.
SHORT Entry:
- Once we get into 61.8% - 78.6% fibo. Jump down into lower timeframes and search for a break of structure or break of trendline for entry ( Refer to the example below ) .
- STOPLOSS: Above NFP high.
- TARGET: Recent lows and -27% fibo
Will keep you updated as price get closer to our area of interest.
As always, trade safe.
Hellena | DJI (4H): Long to 61.8% Fibo 39259.Dear Colleagues, I suppose that the price is in an upward movement and will continue its movement in wave 3. I suppose that a small correction is possible, after which I expect that the price will come at least to the area of 61.8% Fibonacci extension level 39259.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | DJI (4H): Long to 100% Fibo 38931.Dear colleagues, I suppose that the price will continue its upward movement. Now I see the formation of wave 3 and it may reach the area of 100% Fibonacci extension level 38931. Before this movement a small correction to the 38186 area is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dow Jones March Futures looks Great to Slide lowerHello Everyone.
Forex market seems to be stuck in a mud and we seems to be in a highly manipulative environment. but soon market is going to be normal and we will have alot of setups forming but as of now i have a Dow jones YMH2024 March contract for short..
the Current model is 2022 Model as per inner circle trader concept which is my personal favorite and the most easy one. as per this we can see the Dow has taken out the buystops and given a market structure shift for the downside and market reprised higher in the Entry zone which is generally known as Fair value Gap. so therefore i am expecting price to go lower and target 38490 level.
This is a very clean and clear setup which has a higher probability to hit the target. but due to weekends there could be a shift if some news come out. otherwise its good to go
DOW JONES Channel Up with the 4H as the key level.Dow Jones (DJI) is trading within a Channel Up pattern on the 4H time-frame with the 4H MA50 (blue trend-line) supporting since the January 19 break-out, being right on its bottom (Higher Lows trend-line). As long as the price action is closing candles above it, we remain bullish, targeting a Higher High at 39100.
If it closes a 4H candle below the 4H MA50, we will take the loss and sell instead, targeting the 1D MA50 (red trend-line) at 37800. Note that the last medium-term Support has been the 1D MA200 (orange trend-line) on January 18 and being overbought for too long on the 1D time-frame while the 4H RSI is on a Bearish Divergence throughout the index' whole Channel Up, a short-term correction to the 1D MA50, would technically be quite likely here.
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"DOW: Expert Predictions on Where DOW Prices are Heading Next!⭕️Technically, the Dow Jones index in the one-hour time frame has the support interval of the bottom of the ascending channel in the range of 38470-38551, and on the condition of maintaining and not registering any close candle time of four hours below it, the rate can aim to complete the BEARISH CRAB harmonic pattern up to The resistance range should increase in the range of 39027-39135.📌🎯
DJI, Elliott wave analysisOutlook for DJI on 4h chart.
There has been no changes since the last update.
I think we are on sub-wave 5 of wave (5).
If this scenario is correct, Upper-degree wave (b) of c will complete.
next phase is upper-degree wave (c).
It will probably crash.
Last time my idea.
■Jan 27, 2024. middle-term analysis.
Dow Jones Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
US30 / 4H / TECHNICAL ANALYSIS CAPITALCOM:US30 The daily pivot is 37105, the first support is 38062, and the second support is 37764. As long as they do not fall below, my target is 38743.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
US30 SELLUS30 had tapped into supply zone and showed rejection and inducement at this supply. This was further confirmed by a close of 30min candle below the Doji and break below structure.
Upon seeing this I waited for retracment to zone with additional confirmation once I started to see rejection at the entry zone @38675.00 I entered with sl@38715 (Risking 40points)
TP1: 38590.00. TP2: 38550.000 TP3: 38500.000
Approach where Possible & respond to Price is to take Partials profits from TP2 onwards.
* Where has the market moved since I entered my trade? Slight Profits
* If I looked at the market now, would I take the same trade?Yes
* How do I feel about my trade? Feel neutral and slightly optimistic
* What do I like about this trade ? patiently waited for more confluence and good Entry
* What do I dis-like about this trade now? Choppy & slow
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ?No
DOW JONES: Overbought and at the top of the Channel Up. Bearish Dow Jones is on a bullish 1D technical outlook (RSI = 59.534, MACD = 196.180, ADX = 37.569) that up to last week was overbought but now the momentum shows weakness on losing steam as the price is at the top of the Channel Up pattern. The 1D CCI is showing the same decline from overbought levels that it showed before the three major declines in 2023. This keeps us bearish on Dow, targeting the 0.382 Fibonacci level (TP = 36,500) which was the first target of the two prior HH of the Channel Up.
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US30 Intra-Week Analysis Feb 8th, 2024In the past 2 weeks, us30 has strictly been rallying, printing new All-Time-Highs weekly. Last week we finally saw an almost 500 point correction after FED Powells FOMC speech where he indicated that they don't plan to cut rates any time soon, ending the rate cuts narrative driving the market. Despite that, this correction was short lived as we continued to print more ATHs due to excellent jobs data later in the week and stock market greed driving investors to squeeze more profits. This week we can expect some consolidation and signs of exhaustion at these ATHs with another potential correction before more bullish momentum. Otherwise, if price breaks above 38600 we can adapt to buys sooner.
Dowjones under the weight of a strong DollarHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 38600 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 38600 support and resistance zone.
Fundamentally we would like to consider the current strong macro context of the dollar as the top performer of the week. noticing also that Dowjones is often in a negative correlation with the dollar so a strong dollar should be heavy on US30.
Trade safe, Joe.
Strong Bullish Momentum in US30
"📈 US30 Bulls Bucking Strong: Analyzing the Dow Jones, it's evident that we're currently witnessing consistent higher highs and higher lows, indicative of an uptrend market. Observing the week-to-week movements, prices show a rise of approximately 2% from low to high and a decline of around 1% from high to low. Given this, my market approach involves patiently waiting for a potential 1% price pullback. Subsequently, I would seek opportunities to go long, placing my stops below the previous low to target a gain of around 2%. Your support for my channel through likes, comments, shares, reposts, and cheers is sincerely valued. Thank you. 🙌🚀"
The chart no one wants to see or believe!There is more than one way to skin a snake.
Not only price can hurt you... Time can hurt you too!
How about some up and down action for 3 to 5 years that goes no where? Like shacking the Jar and angering the ants so that they loose faith and confidence, so when the rally really actually starts they won't believe it!
Maybe it got to easy to buy and hold for 2 to 3 years and sell? If you are a hodler for long term, then this should not affect you and you should just keep buying. It actually should be viewed as a gift as prices will come back to low prices for stacking.
In this chart I'm hitting two birds with one stone as I Have added Silver, Gold, S&P500, Nasdaq and the Dow Jones. Why? so we can see how Bitcoin has interacted with these 5 other markets. By taking a glance at them, It is very clear to see that all of these markets have had affect on Bitcoin in one way or another.
This is not to be taken as written in stone and non of the prices or moves are literal and just examples. The point is a long term zig zag pattern and staying range bound to shake out the greed and impatient or weak hands. How about life happening and being forced to sell although you have no intent too? The more that time passes in bad times the likely you'll be forced to sell to stay a float.
Nothing has changed in bitcoin network, in fact it keeps getting stronger and healthier but a pause in price could be healthy in the bigger picture.
So what happens from here? We just stack for 5 years and watch it bounce in between the Nasdaq and Dow? Well, yes and no. There could be other altcoins that run fairly hard during this time period. For example, Ethereum and Ethereum based tokens. Gold and Silver could go on a run. Also narratives could change on a dime. Truth is... no one knows, you just have to keep and ear to the street and pay attention. Don't get caught 1 step behind.
Without a doubt, it's a great time to stack!! No one can argue that.
Thanks for viewing
WeAreSat0shi
Have a blessed new year!